ADX_Oscillator [APIDEVs]
ADX (ORIGINAL VERSION)
The ADX Indicator ( Average Directional Index ), is a non-directional oscillator type indicator, that is, it quantifies the strength of a trend regardless of its direction. In its original version, it is made up of 3 lines that represent the direction and strength of the movement:
• A line representing the ADX indicator.
• A green line representing the bullish Direction Index (DI +).
• A red line representing the Bearish Direction Index (DI-).
When the ADX is greater than 35, the market is in a strong trend, when it is between 35 and 20 the market is in trend and when it is less than 20 it indicates that the market is in range.
ADX OSCILLATOR (OUR VERSION)
At APIDEVs we really care about improving the understanding and experience of our users, which is why, in response to multiple requests, we decided to make important modifications to the ADX , which we consider to be the most powerful indicator of strength.
For many traders it was really confusing to understand that the ADX could be bullish or bearish and at the same time have the same numerical values, so in our version of the “ADX PRO +” we added colors and different intensity levels for your better understanding, however. , many needed a more explicit indicator and it is based on this request that we decided to take a leap into the incredible and that is how the “ADX OCILLATOR” was born.
We convert the ADX into a trend oscillator, now simpler and with multiple advantages which we will proceed to list:
1. The ADX was transformed into a directional oscillator whose color is based on the crossing of (DI +) and (DI-). This modification opens the door to the replacement of the Squeeze Momentum Indicator (SQZMOM) as a directional complement to the ADX .
2. A Background was added that is activated exclusively when the market has a strong upward or downward trend, specifying through its colors and intensity the type and direction of the force.
3. The original ADX parameters were adjusted to almost eliminate completely the “no trend” condition. This condition only created confusion for traders.
4. Added a system of signals based on the direction of the oscillator and the strength of the ADX .
• When the oscillator is sloping up and the ADX is green, the LONG (L) signal is activated.
• When the oscillator slopes downward and the ADX is red, the SHORT (S) signal is activated.
5. A side panel has been enabled that visually expresses the numerical value and direction of the ADX , as well as the direction of the oscillator.
6. An alert system was enabled so that traders receive notifications on all their devices:
• It is activated when the ADX changes color.
• It is activated when the Oscillator crosses the 0 point.
• It is activated when any input signal is activated.
The ADX Indicator ( Average Directional Index ), is a non-directional oscillator type indicator, that is, it quantifies the strength of a trend regardless of its direction. In its original version, it is made up of 3 lines that represent the direction and strength of the movement:
• A line representing the ADX indicator.
• A green line representing the bullish Direction Index (DI +).
• A red line representing the Bearish Direction Index (DI-).
When the ADX is greater than 35, the market is in a strong trend, when it is between 35 and 20 the market is in trend and when it is less than 20 it indicates that the market is in range.
ADX OSCILLATOR (OUR VERSION)
At APIDEVs we really care about improving the understanding and experience of our users, which is why, in response to multiple requests, we decided to make important modifications to the ADX , which we consider to be the most powerful indicator of strength.
For many traders it was really confusing to understand that the ADX could be bullish or bearish and at the same time have the same numerical values, so in our version of the “ADX PRO +” we added colors and different intensity levels for your better understanding, however. , many needed a more explicit indicator and it is based on this request that we decided to take a leap into the incredible and that is how the “ADX OCILLATOR” was born.
We convert the ADX into a trend oscillator, now simpler and with multiple advantages which we will proceed to list:
1. The ADX was transformed into a directional oscillator whose color is based on the crossing of (DI +) and (DI-). This modification opens the door to the replacement of the Squeeze Momentum Indicator (SQZMOM) as a directional complement to the ADX .
2. A Background was added that is activated exclusively when the market has a strong upward or downward trend, specifying through its colors and intensity the type and direction of the force.
3. The original ADX parameters were adjusted to almost eliminate completely the “no trend” condition. This condition only created confusion for traders.
4. Added a system of signals based on the direction of the oscillator and the strength of the ADX .
• When the oscillator is sloping up and the ADX is green, the LONG (L) signal is activated.
• When the oscillator slopes downward and the ADX is red, the SHORT (S) signal is activated.
5. A side panel has been enabled that visually expresses the numerical value and direction of the ADX , as well as the direction of the oscillator.
6. An alert system was enabled so that traders receive notifications on all their devices:
• It is activated when the ADX changes color.
• It is activated when the Oscillator crosses the 0 point.
• It is activated when any input signal is activated.
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